Entity Owned Property summary
AI-generated overview
This exceptional 5,604-square-foot office space, located at 4406 Ole Brickyard Cir in Louisville, Kentucky, presents a unique sublease opportunity. The property boasts a flexible layout suitable for both traditional and creative office environments, making it ideal for a variety of businesses. The high ceilings, ranging from 16 to 18 feet, create a spacious and airy atmosphere. The building offers convenient amenities including one loading dock and one drive-in bay, ensuring efficient operations. Ample parking is available on-site, addressing the parking needs of employees and clients. The space is currently vacant and ready for immediate occupancy. The property is zoned M-3, designating it for industrial district use, providing flexibility for various business types. Electrical service is robust, featuring 225 amps and 3-phase power. The property's APN is 209700120000. This is a multi-tenant building, offering a collaborative and dynamic work environment. This prime Louisville location, with its zip code 40218, provides easy access to major transportation routes and local amenities. Don't miss this chance to secure this well-appointed and conveniently located office space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
35,480 SF
Lot
3.06 ac (133,337 SF)
Zoning code
M3-INDUSTRIAL
APN
23209700120000
UPID
US34-0343719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
since 2022
Last sale
$820,000
3 recorded transactions
Zoning & alternative use
M3-INDUSTRIAL · Watterson Park, KY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$875k
Value range
$788k – $963k
±10% around blend
Estimated value / SF
$25 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$788k
blend $875k
$963k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,480 SF
Lot area
3.06 ac
Year built
1979
Stories
1
APN
23209700120000
Zoning
M3-INDUSTRIAL
Assessed value
$2,060,290
Annual tax
$24,270
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$875k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 174 sales
$73
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $25/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$820k
Move the market yield to see immediate price impact.
Value / SF
$23
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$52k
$1.03M
$738k
$574k
$57k
$1.15M
$820k
$638k
$63k
$1.26M
$902k
$702k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,270
Tax year 2023
Assessed value
$2,060,290
Assessed 2023
Previous assessed
$2,060,290
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$511,500
Assessed improvement
$1,548,790
Land market value
$511,500
Improvement market value
$1,548,790
Total market value
$2,060,290
Applied tax rate
15.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
35,480 SF
Lot
3.06 ac (133,337 SF)
Zoning code
M3-INDUSTRIAL
APN
23209700120000
UPID
US34-0343719
Jurisdiction
JEFFERSON
Zoning & alternative use
M3-INDUSTRIAL · Watterson Park, KYZoning M3-INDUSTRIAL · permitted uses
M3-INDUSTRIAL · Watterson Park, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M3-INDUSTRIAL
Jurisdiction
Watterson Park, KY
Recorded code
M3-INDUSTRIAL
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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